Wages in Cyprus decreased to 1878 EUR/Month in the third quarter of 2019 from 1894 EUR/Month in the second quarter of 2019.

Wages in Cyprus averaged 1806.70 EUR/Month from 2003 until 2019, reaching an all time high of 2296 EUR/Month in the fourth quarter of 2012 and a record low of 1360 EUR/Month in the first quarter of 2003. This page provides the latest reported value for - Cyprus Average Monthly Earnings of Employees - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cyprus Average Monthly Earnings of Employees - values, historical data and charts - was last updated on March of 2020.

Wages in Cyprus is expected to be 1933.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Cyprus to stand at 1925.00 in 12 months time. In the long-term, the Cyprus Average Monthly Earnings of Employees is projected to trend around 1975.00 EUR/Month in 2021 and 2027.00 EUR/Month in 2022, according to our econometric models.

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Cyprus Average Monthly Earnings of Employees

Actual Previous Highest Lowest Dates Unit Frequency
1878.00 1894.00 2296.00 1360.00 2003 - 2019 EUR/Month Quarterly
NSA

Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.00 6.30 16.80 3.00 percent [+]
Employed Persons 400.80 379.60 400.80 135.00 Thousand [+]
Unemployed Persons 28481.00 30088.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.10 2.10 7.80 0.40 percent [+]
Youth Unemployment Rate 14.80 14.80 40.80 7.80 percent [+]
Labour Costs 117.65 94.98 126.56 65.45 points [+]
Job Vacancies 9869.00 9970.00 16194.00 2137.00 [+]
Wages 1878.00 1894.00 2296.00 1360.00 EUR/Month [+]
Population 0.88 0.86 0.88 0.50 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wage Growth 3.10 0.70 7.10 -3.40 percent [+]
Labor Force Participation Rate 63.00 62.80 64.70 55.50 percent [+]
Part Time Employment 38.50 42.10 50.00 15.80 Thousand [+]
Productivity 103.60 108.40 109.70 75.90 points [+]
Employment Change 0.80 0.70 2.20 -2.10 percent [+]
Employment Rate 70.80 71.20 71.50 60.90 percent [+]
Full Time Employment 365.90 362.40 365.90 257.80 Thousand [+]


Cyprus Average Monthly Earnings of Employees
In Cyprus, wages are benchmarked using nominal salaries.